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Cyberfraud/ID Theft - Banking Exchange
Fed flags cybersecurity and operational resilience as priorities for large banks
OCC, Board, FDIC will require banks to report incidents within 36 hours
Financial institutions and the businesses they serve need to add an additional layer of technology and step up their strategy
Trade body newsletter says remote working and digital channels in financial services have led to heightened security concerns
Groups claim the legislation would hinder, rather enhance, current efforts toward cybersecurity
Research from Fitch finds even well-prepared banks could suffer from ‘tail events’ from major cyberattacks
Attack orchestrated by notorious REvil cyber-criminal gang
Fintech partnerships increasingly focus on combating cyber threats, as banks fight ‘trojans’ in digital age
More than half of consumers have become more concerned about fraud since Covid-19
The financial sector has always had a target on its back
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